Amex Rolls Out High-Yield Business Savings Account with Competitive APY

American Express has introduced a new high-yield business savings account offering a competitive Annual Percentage Yield (APY) of 2.95%.

This move is aimed at assisting small business owners in managing their cash flow more effectively, especially when paired with the American Express Business Checking account.

The integrated system allows users to transfer funds between accounts without any fees.

The account requires no monthly maintenance fees or minimum deposit requirements, making it accessible to businesses of all sizes.

To qualify for the account, applicants must be U.S.-based small business owners, excluding certain sectors such as cryptocurrency and internet gambling.